Vodafone Gets UK JV Buyout over the Line
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Vodafone gets UK JV buyout over the line
Vodafone Group completed the purchase of CK Hutchison’s 49% stake in UK joint venture VodafoneThree, less than 14 months after the formation of the operator from their respective mobile operations in the country. In a brief statement on the completion of the £4.3 billion deal, Vodafone asserted having full ownership would allow it to “move at an even faster pace and capture the significant benefits” of its £11 billion network investment plan and…
Vodafone completed the acquisition of the 49% stake in CK Hutchinson for Pound4.3 billion (€4.9 billion). The transaction was fully financed from the group’s existing cash resources. As a result, Vodafone now owns 100% of VodafoneThree, the UK’s largest mobile operator and one of the fastest growing broadband providers.
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